##### Assumptions & Limitation

- • of FDI are synonymous to the determinants of tax incentives hence revenue • of FDI are synonymous to the determinants of tax incentives hence revenue forgone arising from tax incentives
- • adjusting revenue forgone to generate the 2017 estimates, we assume there was no • adjusting revenue forgone to generate the 2017 estimates, we assume there was no discretionary tax change in the incentives that that would effectively affect the revenue forgone.
- • to data constraints, we could not estimate the revenue forgone from various forms of tax • to data constraints, we could not estimate the revenue forgone from various forms of tax incentives in the countries under study. As such, it could not isolate redundant incentives.
- • the revenue forgone approach of estimating tax incentives hence we could not account • the revenue forgone approach of estimating tax incentives hence we could not account for behavioural aspects of firms that may have a bearing on revenue forgone to tax incentives.
- • study's estimates of revenue loss due to tax incentives are based on existing estimates. • study's estimates of revenue loss due to tax incentives are based on existing estimates. Albeit being from credible and reputable sources i.e. IMF, PWC, the estimates were most partial and possibly redundant. Therefore, by relying on these estimates, our estimates may have inherited some weaknesses from the existing estimates.

##### References

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